Clipper Realty Inc. (NYSE:CLPR – Get Free Report) Director Sam Levinson purchased 86,983 shares of Clipper Realty stock in a transaction dated Tuesday, August 18th. The stock was acquired at an average price of $3.15 per share, for a total transaction of $273,996.45. Following the completion of the acquisition, the director owned 241,747 shares of the company’s stock, valued at approximately $761,503.05. This trade represents a 56.20% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Sam Levinson also recently made the following trade(s):
- On Thursday, August 20th, Sam Levinson acquired 2,392 shares of Clipper Realty stock. The shares were acquired at an average price of $3.19 per share, with a total value of $7,630.48.
- On Wednesday, August 19th, Sam Levinson acquired 9,260 shares of Clipper Realty stock. The stock was acquired at an average cost of $3.14 per share, for a total transaction of $29,076.40.
- On Friday, August 14th, Sam Levinson bought 3,945 shares of Clipper Realty stock. The stock was acquired at an average price of $3.29 per share, for a total transaction of $12,979.05.
- On Thursday, August 13th, Sam Levinson bought 81,647 shares of Clipper Realty stock. The shares were acquired at an average price of $3.21 per share, with a total value of $262,086.87.
- On Wednesday, August 12th, Sam Levinson bought 69,172 shares of Clipper Realty stock. The shares were bought at an average cost of $3.09 per share, with a total value of $213,741.48.
Clipper Realty Trading Up 1.5%
NYSE CLPR opened at $3.28 on Friday. The company’s 50-day moving average price is $2.96 and its 200-day moving average price is $3.12. The stock has a market cap of $53.00 million, a PE ratio of -3.53 and a beta of 0.97. Clipper Realty Inc. has a 12 month low of $2.69 and a 12 month high of $4.61.
Clipper Realty Announces Dividend
Institutional Trading of Clipper Realty
Several institutional investors and hedge funds have recently made changes to their positions in the company. Equitable Holdings Inc. purchased a new stake in Clipper Realty in the second quarter worth about $58,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Clipper Realty in the 2nd quarter valued at about $412,000. BlackRock Inc. bought a new stake in shares of Clipper Realty in the 2nd quarter valued at about $297,000. Bank of New York Mellon Corp purchased a new stake in shares of Clipper Realty in the 2nd quarter worth approximately $31,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Clipper Realty in the 2nd quarter worth approximately $254,000. 37.57% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen cut Clipper Realty from a “hold” rating to a “sell” rating in a research note on Sunday, May 31st. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.
Read Our Latest Report on CLPR
About Clipper Realty
Clipper Realty Inc is a publicly traded real estate investment trust that acquires, owns and manages multifamily residential and mixed‐use properties in the Greater New York metropolitan area. Since its initial public offering in early 2017, the company has focused on strategically sourcing apartment buildings and retail space in Manhattan and Brooklyn, with an emphasis on value‐add opportunities that can benefit from in‐house leasing, renovation and operational efficiencies.
The company’s primary activities include property acquisition, selective repositioning and asset management.
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